Who is RTA (Registrar and Transfer Agents) and how to know about RTA of any issue?
Who is RTA (Registrar and Transfer Agents) and how to know about RTA of any issue?
Registrar and Transfer Agents (RTA) : - RTA are separate entities registered with SEBI that provide services related to share registry maintenance and share transfer activities on behalf of companies that have issued shares to the public.
Functions of RTA: -
Collecting the issue applications from investors .
Keeping a record of the applications and money from investors or paid to the seller of the securities.
Assisting the corporate body:
To determine the basis of allotment of securities in consultation with the stock exchange.
Finalizing the list of persons entitled to the allotment.
Processing and dispatching of the allotment letters, refund orders or certificates, and other related documents regarding an issue.
How to know the detrails of RTA and RTA registered with NSE: -